Hi! I estimated a model and everything seems good (trace plot, mode check plots and identification), however, there is a shock standard deviation that has no posterior (SE_eps_ir):
When I looked at oo_.posterior_density.shocks_std.eps_ir only NaN’s are shown.
Would anyone help me to figure it out what is happening here?
Thank you
Can you upload the content of the metropolis
folder?
Thanks for your time, prof Pfeifer.
Here they are:
Files.zip (2.2 MB)
Looking at the _mh*_blck
files the standard deviation of that parameter is in the range of 1e11. That is, the posterior is almost degenerate. It seems the problem for that parameter already appears in the mode_check
plot
Thanks for your response, professor Pfeifer.

I could not find the standard deviation of the SE_eps_ir _mh*_blck
files. I guess it was in x2 matrix, right? But I did not understand what it means.

Looking at the mode_check
plot, I thought the graph was strange because the xaxis is in a very small range. Should the posterior mode be at the maximum of the posterior likelihood even in a mode_check
plot with a very tiny xaxis range?

Finally, what is the solution for this problem generally speaking? My prior for the standard deviation of eps_ir are already unlimited, so I do not see a immediate solution.